Volt Carbon Announces $600,000 Private Placement

Volt Carbon Technologies Inc. has announced plans for a non-brokered private placement targeting gross proceeds of up to C$600,000. “This financing will support our exploration efforts in Quebec and provide working capital for ongoing operations,” the company said.

The offering includes:

• Flow-Through Units (FT Units): Up to 16,666,667 units priced at C$0.03 each for C$500,000 in gross proceeds.

• Units: Up to 4,000,000 units priced at C$0.025 each for C$100,000 in gross proceeds.

Each FT Unit comprises one flow-through common share and one-half of a common share purchase warrant. Each Unit includes one common share and one-half warrant. Warrants allow holders to purchase one common share at C$0.05 within 24 months of issuance.

Red Cloud Securities Inc. will act as a finder, earning a 7.0% cash fee and finder’s warrants exercisable for 24 months.

Proceeds from FT Units will fund mineral exploration in Quebec, while Unit proceeds will support general corporate purposes. Exploration expenses will qualify as “Canadian exploration expenses” and “flow-through mining expenditures” under the Income Tax Act and be renounced by December 31, 2024.

The offering is expected to close by December 17, 2024, subject to TSX Venture Exchange approval. All issued securities will be subject to a four-month hold period.

About Volt Carbon Technologies

Volt Carbon is focused on carbon science innovations, energy storage, and green energy solutions, with mining interests in Ontario, Quebec, and British Columbia.

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